ArisInfra Signs MoU to Explore India’s ₹35,000 Crore Asphalt Market
Filing Summary
ArisInfra Solutions Ltd has signed a Memorandum of Understanding (MoU) with JS Infra Solutions to explore potential collaboration in India’s asphalt market, valued at over ₹35,000 crore. The MoU focuses on the Mumbai region, leveraging JS Infra’s execution capabilities and ArisInfra’s operational infrastructure. The Indian asphalt market is driven by a significant demand for bitumen and a vast road network. The collaboration aims to assess a partnership-driven, asset-light approach. Any definitive agreement will require board approval and regulatory clearances, with no binding obligations at this stage.
ArisInfra Solutions Ltd has announced the signing of a Memorandum of Understanding (MoU) with JS Infra Solutions to explore a strategic collaboration in the asphalt and road infrastructure materials ecosystem. The MoU aims to evaluate the feasibility of entering India’s asphalt market, which is valued at over ₹35,000 crore. The initial focus will be on the Mumbai region, known for its demanding infrastructure requirements.
The Indian asphalt market is anchored by a significant demand for bitumen, with the current market estimated at approximately USD 4.2 billion. The market’s growth is supported by India’s extensive 6.6-million-kilometre road network, which is the largest globally. This network includes highways, metro corridors, and urban roads, necessitating periodic resurfacing. The collaboration between ArisInfra and JS Infra aims to combine JS Infra’s execution capabilities with ArisInfra’s operational infrastructure and technology-enabled coordination systems.
The scope of the MoU involves assessing a partnership-driven, asset-light approach to the asphalt segment. The collaboration intends to leverage JS Infra’s on-ground execution capability and ArisInfra’s sourcing capabilities. The focus will be on delivering scalable and profitable execution ecosystems. The proposed model is intended to be replicable across other infrastructure-intensive regions, subject to feasibility and performance assessments.
The Indian asphalt market is characterized by a fragmented sector with limited operators capable of delivering consistently at scale. The collaboration seeks to address this by combining the strengths of both companies. JS Infra Solutions is among the top ten asphalt producers in the Mumbai region, with experience in executing projects across arterial roads, metro-linked infrastructure, and dense urban corridors.
Any definitive arrangement resulting from the MoU, including the formation of a joint venture or other partnership structure, will require the execution of definitive agreements, board approval, and applicable statutory and regulatory approvals. There is no binding obligation or capital commitment on either party at this stage.
JS Infra Solutions is a leading asphalt producer in Mumbai, known for its execution experience in complex urban infrastructure environments. The company serves infrastructure developers and EPC contractors, focusing on arterial roads, metro-linked infrastructure, and flyovers.
ArisInfra Solutions Ltd is India’s first listed company offering an organized construction material supply and services network. The company focuses on operational efficiency, material supply exclusivity, and high-margin service offerings, serving a wide spectrum of infrastructure and real estate clients. ArisInfra is committed to innovation, sustainability, and profitability within the Indian construction ecosystem.